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Anonymous
Hi Everyone,
im F(32) with take home pay of 3.5k per month with no investment or savings plan.
Am I spending too much on insurance And How can I grow my wealth? Am starting from zero as have zero experience in the investment world.
Summary of my current situation:
I have about 100k in a UOB one account earning about $300 interest a month
Insurances
am I overprotected for health? how should I grow my wealth for retirement or for my newborn child?
appreciate some guidance on where I should begin. Thank you
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Elijah Lee
Edited 12 Jun 2025
Senior Financial Services Manager at Phillip Securities (Jurong East)
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Hello anon,
I probably missed this question some how. I'll distill the key points you need to take note of.
Please start with point 1 first and work your way from there. Hope that helps. If you have further questions you can reply to this post.